1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Zigmanuir [339]
3 years ago
13

Moskowitz Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 91 Ma

nufacturing costs: Variable manufacturing cost per unit produced: Direct materials $ 13 Direct labor $ 7 Variable manufacturing overhead $ 3 Fixed manufacturing overhead per year $480,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold $ 6 Fixed selling and administrative expense per year $ 84,000 Year 1 Year 2 Units in beginning inventory 0 3,000 Units produced during the year 12,000 10,000 Units sold during the year 9,000 10,000 Units in ending inventory 3,000 3,000 The net operating income (loss) under variable costing in Year 2 is closest to:
Business
1 answer:
Molodets [167]3 years ago
8 0

Answer:

Moskowitz Corporation

The net operating income (loss) under variable costing in Year 2 is closest to:

= $56,000.

Explanation:

a) Data and Calculations:

Selling price per unit                                                            $ 91

Manufacturing costs:

Variable manufacturing cost per unit produced:

Direct materials                                                    $ 13

Direct labor                                                            $ 7

Variable manufacturing overhead                      $ 3            23

Contribution per unit                                                         $ 68

Fixed manufacturing overhead per year                 $480,000

Selling and administrative expenses:

Variable selling and administrative expense per unit sold $ 6

Fixed selling and administrative expense per year $ 84,000

                                                       Year 1         Year 2

Units in beginning inventory          0            3,000

Units produced during the year   12,000   10,000

Units sold during the year             9,000   10,000

Units in ending inventory              3,000     3,000

Year 2:

Income Statement:

Sales Revenue ($91 * 10,000) =  $910,000

Variable manufacturing costs      230,000 ($23 * 10,000)

Variable selling and admin.            60,000 ($6 * 10,000)

Contribution margin                   $620,000

Fixed manufacturing costs          480,000

Fixed selling and admin. costs      84,000

Net operating income (loss)      $ 56,000

You might be interested in
How are delivery drivers able to meet the delivery timelines selected by customers when purchasing products?.
Sliva [168]

Delivery drivers are able to meet the delivery timelines selected by customers when purchasing products by using : A GPS to avoid traffic delays.

<h3>What is product delivery?</h3>

Product delivery refers to the process of moving goods and services from one place to another. This process entails getting the goods produced either to a place where they will be sold or to final consumers.

The use of GPS enable us delivery drivers avoid traffic delays by informing them ahead where there are traffic.

Hence, delivery drivers are able to meet the delivery timelines selected by customers when purchasing products by using a GPS to avoid traffic delays.

Learn more about delivery here : brainly.com/question/24553900

5 0
2 years ago
Sean works for Cash'n'Carry, a payday loan company. He has been asked to develop an ethical mission statement to reassure custom
soldi70 [24.7K]

Answer:

c. Emphasis on ethics

Explanation:

Sean has been tasked with developing a ethical mission statement with a view of reassuring customers on predatory lending practices.

This is a renewed emphasis on the ethics of the company and by so doing it will reassure the company is aware of the ethical practice in this regard and that they are pledging to act ethically.

Ethics is defined as the process of systemising and recommending concepts of right and wrong. It is also called moral philosophy.

4 0
3 years ago
ABC Mechanics charges an estimate fee of $100 plus $40 per hour, x, in labor. XYZ Mechanics charges an estimate fee of $65 plus
Dima020 [189]

Answer:

5 hours  would work! Hope it helps!

Explanation:

100 off top!

40 in labor for each hour

40 times 5 is 200

so that would cost 300

for xyz

65 off top and 50 in labor for each hour

5 times 50 is 250

250 plus 65 is 315 !

7 0
3 years ago
Let’s suppose you would like to buy a home for $250,000. But like most U.S. citizens, you don’t have enough cash on hand to pay
noname [10]

Answer:

1. Calculate the monthly payment for a 30-year mortgage loan.

we can do this by using the present value of an annuity formula

the loan's interest rate is missing, so I looked for a similar question and found that it is 6%

present value = monthly payment x annuity factor

monthly payment = present value / annuity factor

  • present value = $200,000 (loan's principal)
  • PV annuity factor, 0.5%, 360 periods = 166.79161

monthly payment = $200,000 / 166.79161 = $1,199.101082 ≈ <u>$1,199.10</u>

2. Calculate the amount of interest that you’d pay for a 30-year mortgage loan.

total interests paid during the 30 years = (monthly payment x 360) - principal = ($1,199.10 x 360) - $200,000 = <u>$231,676</u>

8 0
3 years ago
Carlos is planning a trip to Japan. He needs to convert U.S. dollars to
Vsevolod [243]

Answer:

c

Explanation:

because

3 0
3 years ago
Other questions:
  • What is corporate image or corporate identity
    13·1 answer
  • Claudia has bought a recipe book that gives her step-by-step procedures to prepare italian cuisines. this scenario illustrates t
    10·1 answer
  • Nick has set up his steel factory near a community lake. The waste from his factory is directly thrown in the lake and is causin
    5·1 answer
  • A country that currently does not trade with other countries could benefit by a. not restricting trade. b. restricting both impo
    9·1 answer
  • A ___________ makes databases more useful for obtaining information.
    11·1 answer
  • Roberto firmly believes that economic and social equality can only be attained through a system of economics where the governmen
    6·1 answer
  • Do consumers benefit in any way from monopolistic competition relative to perfect​ competition? compared to perfect​ competition
    14·1 answer
  • Bella Bags is a British company that sells luxury leather purses manufactured in London. Currently, its products are carried at
    15·1 answer
  • A $15 cash payment is made to Starbucks to purchase coffee for a business client, a $64 cash payment is made for supplies purcha
    12·1 answer
  • You have $55,000 in a savings account that pays 2% interest per year.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!